The Hyperliquid Assistant Fund has set a new milestone with its largest daily $HYPE purchase to date, fueled by the ongoing buzz surrounding Trump family memecoins.
Yesterday, the Hyperliquid Assistant Fund accumulated over 200,000 $HYPE tokens at an average price of $21.22, totaling a staggering $4.2 million. This significant purchase reflects growing confidence in the token’s potential as trading activity on the platform hits unprecedented levels.
The platform’s 24-hour trading volume soared to an impressive $20 billion, largely due to its position as one of the first exchanges to list the highly anticipated $TRUMP and $MELANIA tokens. With the continued hype surrounding these memecoins, even higher trading records are expected in the coming days.
The $HYPE token community continues to expand, reaching a new milestone of 72,855 total holders. This growing base strengthens the token’s foundation and signals rising trust and adoption among both retail and institutional investors.
Adding to the excitement, a new whale has entered the Hyperliquid ecosystem. This participant brought $1.39 million to the platform and purchased 64,000 $HYPE tokens through a time-weighted average price (TWAP) strategy at an average price of $21.75. This strategic move underscores growing interest from high-net-worth investors.
As Hyperliquid capitalizes on the momentum of $TRUMP and $MELANIA, its record-breaking $HYPE purchases and surging community growth highlight its strengthening position in the market. With trading activity reaching new heights, all eyes are on $HYPE as it continues to gain traction and drive investor interest.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: thvideo/123RF // Image Effects by Colorcinch
Decentralized exchanges (DEXs) are platforms built on blockchain networks (often Ethereum, BNB Chain, Solana, etc.)…
Restaking is a model built off Ethereum staking infrastructure (like EigenLayer and related protocols) that…
Rune-based tokens operate within the Runes ecosystem, a layer built on Bitcoin enabling fungible token…
Tokens featured on Binance Launchpool are typically issued via Binance’s community farming platform. Participants stake…
In the ever-evolving world of crypto, Telegram bot tokens have quietly carved out a niche,…
In the rapidly evolving world of decentralized finance and blockchain innovation, the Avalanche ecosystem has…